Dailyhunt Turns Unicorn With $100 Mn Funding From Google, Microsoft

Dailyhunt Becomes First Vernacular Unicorn With $100 Mn Funding

SUMMARY

Google, Microsoft and Falcon Edge’s Alpha Wave Incubation participated in this round, along with existing investors

Daily hunt raised $10 Mn earlier this year to rework its ownership structure

It 1,300 publication partners, 250K news and content pieces every in 14 languages

News and content aggregator Dailyhunt has become India’s first tech unicorn focused on vernacular content after raising $100 Mn funding from Google, Microsoft and Falcon Edge’s Alpha Wave Incubation at a unicorn valuation. Existing investors Sofina Group and Lupa Systems also participated in this round.

Dailyhunt will use this funding to scale up its recently launched short video app Josh, further develop its content creator ecosystem and double down on its artificial intelligence and machine learning push for content discovery and recommendations.